Evaluation of the evidence of the remuneration of the administrators and the levels of corporate governance

Authors

DOI:

https://doi.org/10.5965/2764747104072015001

Keywords:

corporate governance, managers remuneration, disclosure

Abstract

Corporate governance has emerged as proposed minimization of conflicts and costs of agency problem. This essay has the objective to verify what is the status of the disclosure about administrators remuneration in Brazilian companies listed in BM&FBOVESPA with bigger and smaller level of corporate governance, based on the European evaluation model indicated by Ferrarini, Maloney and Ungureanu (2009). This essay is a descriptive study as for the objectives; as for the technical procedures, it is considered as documental research based on data obtained from the Reference Form of the BM&FBOVESPA listed companies. As for the approach of the problem, it is presented as a quantitative study with hypothesis test application test t of Student. The sample of the research is of 20 companies, 10 from the New Market corporative governance segment and the other 10 from the Traditional segment. The results of the essay show a higher level of disclosure in companies from the New Market for governance, and individual examples of executives and non-executives, whereas for the political area, the disclosure is found in similar level.

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Author Biographies

Diego Rafael Stüpp, Federal University of Santa Catarina, UFSC, Brazil.

Has a Master’s degree in Accounting from the Santa Catarina Federal University, UFSC, Brazil.

Graduate in Finance and Capital Markets at the University for the Development of Alto Vale do Itajaí, UNIDAVI, Brazil.

Graduated in Accounting Sciences at the University for the Development of Alto Vale do Itajaí, UNIDAVI, Brazil.

Assistant Professor at the Santa Catarina State University, UDESC, Brazil.

Ilaci Pavesi, Federal University of Santa Catarina, UFSC, Brazil.

Has a Master’s degree in Accounting Sciences from the Santa Catarina Federal University, UFSC, Brazil.

Specialist in Teacher Training for Higher Education from the Institute of Higher Education of Joinville, IESVILLE, Brazil.

Specialist in Auditing and Forensics from the Pontifical Catholic University of Paraná, PUC/PR, Brazil.

Graduated in Accounting Sciences at the Joinville Region University, UNIVILLE, Brazil.

Graduated in Law at the Catholic University Center of Santa Catarina in Jaraguá do Sul, UNERJ, Brazil.

 

Ernesto Fernando Rodrigues Vicente, Federal University of Santa Catarina, UFSC, Brazil.

Postdoctoral fellow from the Porto Economics University - University of Porto, FEP-UP, Portugal.

PhD in Business Administration from the University of São Paulo, USP, Brazil.

Has a Master’s degree in Controllership and Accounting from the University of São Paulo, USP, Brazil.

Graduated in Accounting Sciences at the University of São Paulo, USP, Brazil.

Professor at the Santa Catarina Federal University, UFSC, Brazil.

Luiz Alberton, Federal University of Santa Catarina, UFSC, Brazil.

PhD in Production Engineering from the Santa Catarina Federal University, UFSC, Brazil.

Has a Master’s degree in Production Engineering from the Santa Catarina Federal University, UFSC, Brazil.

Graduated in Full Licentiate for Prof Form Esp Cur Ens 2 Gr at the Paraná Federal Technological University, UTFPR, Brazil

Graduated in Accounting Sciences at the Paraná Federal University, UFPR, Brazil

Professor at the Santa Catarina Federal University, UFSC, Brazil.

References

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VENTURA, Ana Flávia Albuquerque. Remuneração executiva, governança corporativa e desempenho: uma análise nas empresas listadas na BM&FBOVESPA. Dissertação (Mestrado). UnB-UFPB-UFRN, 2013.

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YAMAMOTO, M. M., PRADO, J.E de A. A Governança e o valor das empresas: o respeito dos acionistas é um dever moral das companhias que captam recursos do público. São Paulo: Revista BOVESPA, N.88, P.42-43, Out-dez, 2003.

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Published

2016-04-25

How to Cite

Stüpp, D. R., Pavesi, I., Vicente, E. F. R., & Alberton, L. (2016). Evaluation of the evidence of the remuneration of the administrators and the levels of corporate governance. Revista Brasileira De Contabilidade E Gestão, 4(7), 1–16. https://doi.org/10.5965/2764747104072015001

Issue

Vol. 4 No. 7 (2015)

Section

Articles

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Copyright (c) 2016 Diego Rafael Stüpp, Ilaci Pavesi, Ernesto Fernando Rodrigues Vicente, Luiz Alberton

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